Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0612%/8h= +67.0% APRpaid last 24h +0.038%

Price spread now: 01 Exchange against KuCoin+0.136%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and 01 Exchange is 0.136% dearer against KuCoin than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.4230	0.0100	pay 0.0100% / 8h	2h 06m	$53.3M	$46.0M	75x
Short	01 Exchange NEARUSD	4.4290	0.0712	get 0.0089% / 1h	6m 22s	$13K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee 01 ExchangebpOrdersPrice spread, now +0.136%Rate

Funding earned: $128.52
Price spread: +0.136% → 0.000%: $13.57
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $123.09
Costs to cover: 0.190%
Break-even: 0.3 days

Slippage unknown: KuCoin: live order book, 3 min ago; 01 Exchange: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 3 min ago	2.28 bp	20.2 bp −$20	37.7 bp −$377	110.5 bp −$11.0K	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya NEARRUSDPERP	−0.0171%	1h	4.4160	−0.159%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4071	−0.360%	$108K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4179	−0.116%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.376%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4210	−0.045%	$117K	$497K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4203	−0.061%	$222.2M	$423.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4190	−0.090%	$62.4M	$294.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3500	−1.650%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4175	−0.124%	$33.7M	$61.2M	75x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.4230	long leg	$53.3M	$46.0M	75x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4194	−0.081%	$72.9M	$127.0M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3607	−1.408%	$8.8M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3652	−1.307%	$255K	$963K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4201	−0.066%	$284K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4225	−0.011%	$58K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4270	+0.090%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4200	−0.068%	$476K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4050	−0.407%	$3.6M	$8.3M	50x	as long as short
GRVT NEAR_USDT_Perp	+0.0102%	8h	4.3673	−1.258%	$1.4M	$1.5M	10x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4109	−0.274%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.4265	+0.079%	$206K	$40K	3x	as long as short
BingX NEAR-USDC	+0.0116%	8h	4.4190	−0.090%	—	$6.7M	—	as long as short
MEXC NEAR_USDT	+0.0133%	8h	4.4200	−0.068%	$83.9M	$146.5M	200x	as long as short
Binance NEARUSDT	+0.0137%	8h	4.4240	+0.023%	$268.9M	$1.09B	75x	as long as short
BloFin NEAR-USDT	+0.0253%	8h	4.4130	−0.226%	$13.3M	$32.6M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.4085	−0.328%	$2.3M	$16.3M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0201%	1h	4.4184	−0.105%	$236K	—	100x	as long as short
Kalshi KXNEARPERP	+0.0317%	8h	4.3987	−0.549%	$1.0M	$24.7M	2.2x	as long as short
Aster NEARUSDT	+0.0338%	8h	4.4200	−0.068%	$2.9M	$5.2M	50x	as long as short
Nado NEAR-PERP	+0.0387%	1h	4.4165	−0.147%	$1.7M	$3.2M	10x	as long as short
ApeX Omni NEARUSDT	+0.0417%	1h	4.3640	−1.334%	$167K	$796K	50x	as long as short
Extended NEAR-USD	+0.0464%	1h	4.4188	−0.096%	$3.7M	$19.3M	25x	as long as short
SoDEX NEAR-USD	+0.0508%	1h	4.4205	−0.057%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0677%	1h	4.4227	−0.007%	$363.8M	$311.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0693%	1h	4.4096	−0.303%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSDshort	+0.0712%	1h	4.4290	+0.136%	$13K	$7K	10x
Kraken Futures PF_NEARUSD	+0.0716%	1h	4.4197	−0.075%	$7.4M	$39.1M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.4200	−0.068%	$229K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.4123	−0.241%	$404K	$1.4M	10x	as long as short
Lighter NEAR	+0.0912%	1h	4.4169	−0.139%	$17.3M	$25.3M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.3931	−0.676%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1104%	1h	4.4179	−0.115%	$1.5M	$7.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.4213	−0.038%	$708K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1248%	1h	4.3733	−1.124%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.2919%	1h	4.4314	+0.190%	$2.0M	$12.0M	25x	as long as short